Bull Call Spread

A bull call spread strategy involves buying a call option of an underlying stock and at the same time selling or writing a call option on the same underlying stock and with the same expiration date. The unique difference between these two call options is that the sold call option should have a higher strike price than the bought one.

The bull call spread strategy is debit spread strategy (Buying an option with a higher premium and selling an option with a lower premium); it is also a vertical spread strategy (Options on the same stock and same expiration month but with different strike prices).

The bull call spread is a moderately bullish to bullish strategy; the maximum profit is limited to the difference between strike prices minus the net debit paid minus the commissions paid. The net debit paid is the premium of the option bought minus the premium of the option sold. The maximum loss of this strategy is limited to the net debit paid plus the commissions paid.

The break-even-point of the strategy is calculated by summing the strike price of the purchased call and the net debit paid. The maximum profit of the bull call spread strategy occurs when the stock price becomes higher than the higher strike price, that is the strike price of the written option.

This item downloads daily signals generated by a bull call spread screener for U.S. options.
The data is parsed, and then saved in a custom database "bull_call_spread".
Here are the database' fields:
Stock Price, Spread Value, Return, Probability Of Max Return, Long call option, Long option type (whether the long option is a call or a put), Strike, Expiry, Option Ask Price, Volume, Open Interest, Short call option, Strike of the sold call, Expiry of the sold call, Option Bid of the sold call, Volume of the sold call, Open Interest of the sold call.

Technical Analysis

• calcB
• Regularized Exponential Moving Average
• Opening Range Breakout Indicator
• Commitments of Traders - Historical Data
• Bull Bear Ratio - Stock Market Indicator
• +ve signals for short entry
• Wilder Volatility Index - Average True Range
• Ocean Tomo Patent Indexes
• ISEE Index - ISE Sentiment Index
• watchlist4
• More trading objects...

Fundamental Analysis

• Bankruptcy Filings - Chapter 7
• Short Selling historical data
• Gross Domestic Product - Historical data
• iShares ETFs - Class, Total Net Assets, Inception Date and Number/Top Holdings
• AAII Sentiment Survey - Historical Data
• Income Statement & Growth
• Valuation ratios for US stocks
• Plot Economic Indicators on a Chart
• Tweet Sentiment Index for the Forex and Stock Market
• Announced Stock Splits
• More trading objects...